Posts From Fintechnews Baltic
Digital Banks – A Common Practice Or The Distant Future?
Ten years ago we probably haven’t even thought of the possibility to order a bank card online and that there will be no longer need for us to go to the bank unit where, in the end, the number of
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The 9 Hottest and “Coolest” Fintechs in Iceland
Iceland’s financial services industry has changed rapidly over the past couple of years with fintech solutions at the forefront of these changes. Innovative fintech solutions are provided by the three largest commercial banks in the country, namely Landsbankinn, Íslandsbanki, and
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How Danske Bank Became one of The Largest Employers in Lithuania
Currently, Danske Bank employs 3,725 employees and the average salary is 2,500 euros. The original interview was published in 15min.lt by Ernetas Naprys. Danske Bank has created more jobs than the two major banks operating in the country taken together. According to
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Vilnius Ranked as No. 1 City in Tech Startups
Financial Times’ fDi Intelligence division announced the list of 30 cities that have attracted the most greenfield Foreign Direct Investment (FDI) projects of tech startups per capita during the years 2016-2018. Vilnius was ranked as the leading city and outranked cities like Singapore, Tel
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The 9 Hottest Fintech, Insurtech and Proptech Startups in Finland
Over the past years, Finland’s fintech industry has been growing rapidly. Today, the nation is home to roughly 160 fintech companies covering a wide range of areas including payments, cryptocurrencies, blockchain, insurance, security and compliance, APIs and platforms, data and
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Vilnius Factoring Company to Issue €10 million in New Microloans with EU Support
Vilnius Factoring Company, a private lending company in Lithuania, has signed a cooperation agreement with the European Investment Fund (EIF) to issue microloans of up to €25,000. Micro-enterprises and farmers in Lithuania can now benefit from non-banking business funding opportunities
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Real Estate Crowdfunding Startup From Lithuania Raises Over €5m
One year in the market, and the real estate investment start-up Profitus is already counting its achievements and envisaging future challenges. The crowdfunding platform Profitus just raised over €5,315,000 and funded 28 real estate projects. The founder and head of
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Estonia Seeking to Make e-Residency More Efficient for Entrepreneurs
The Estonian government approved the e-Residency 2.0 action plan at a Cabinet meeting last Thursday, with the objective of making the e-Residency program more secure, more beneficial for Estonian entrepreneurs, and more convenient for the e-residency community. Prime Minister Jüri
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Nets Sells its Account-to-Account Payment Business to Mastercard for 2.85b Euro
Nets, a European PayTech company and Mastercard announced that Mastercard has entered into agreement to acquire Nets’ account-to-account based services including clearing and instant payment services, and e-billing solutions for €2.85 billion. The transaction is fully aligned with Nets’ European
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The World’s First Digital Collector Coin is Under Way in Lithuania
The Bank of Lithuania has signed a contract for programming the world’s first digital collector coin which, together with its physical version, is expected to be issued at the beginning of 2020. “We are moving from an idea to its
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